The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ajtj99 who wrote (196128)	4/13/2009 5:30:07 PM
From: RockyBalboa	Read Replies (1) of 306849

I have read it and I am not so impressed because the quality of earnings (particularly the revenue mix) declined: >>> Net revenues in FICC were $6.56 billion, more than double the amount in the first quarter of 2008. These results reflected particularly strong performance in interest rate products, commodities and credit products, as FICC operated in a generally favorable environment characterized by client-driven activity, particularly in more liquid products, and high levels of volatility.. <<< Something which does not necessarily repeat in all aspects. So those are more like windfall profits. Most other segment revenues (Equities, Asset Mgmt, Securities services ..) are a lot lower compared to 2008. The other oddity is that the book value (and tangible book) did not change since Nov 28. Perhaps that was stuffed into the December month (but I am not sure). >>>>>>>>>>>>>>>>>>>> Some people would say to me: Don´t buy it if you don´t understand it. That´s correct. Perhaps the 10-Q sheds some light once it is filed; by then the market could have long topped out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next